THORChain network halts after credible vulnerability reports

The developers of the multi-chain protocol THORChain halted the network due to credible reports of a potential vulnerability.

**THORChain Globally Halted**@ninerealms_cap and THORSec have received credible reports of a potential vulnerability affecting @THORChain. Out of an abundance of caution, steps have been taken to halt THORChain globally.

Stand by for more information.

— Pluto (9R) ⚡️?? (@Pluto9r) March 28, 2023

Out of an abundance of caution, steps were taken to halt THORChain globally, the team member going by the handle Pluto (9R) said.

The project’s Twitter account confirmed that trading had been paused during the investigation.

There are claims of a potential vulnerability with a THORChain dependency that may affect THORChain.
Out of an abundance of caution, trading has been paused while an investigation is undertaken.
The validity of the claim is currently being assessed and https://t.co/6a5NLAqefN…

— THORChain (@THORChain) March 28, 2023

The statement said that an assessment of the claim’s validity is currently underway.

According to the analyst, miners are producing blocks, but without transactions.

The price of the RUNE token over the last 24 hours fell 4.8% to $1.33 (CoinGecko).

The drop roughly aligned with market trends: Bitcoin fell 2.5% over this period, and the total cryptocurrency market cap declined by 2.2%.

The value of assets locked in the protocol stands at $113.8 million. Over the day the metric fell by 3.82% (DeFi Llama).

On October 27, 2022, in the THORchain network a major outage occurred. The developers restored the protocol’s operation after about 20.5 hours.

The project’s mainnet launched in June. A month later the network halted operations due to a series of hacker attacks.